2004 WAEC SSCE Economics Past Questions

2004

As a firm expand s , it enjoys some advantages called

2004

The concept of opportunity cost is important to the firm because it

2004

An economic goods is described as a good which

2004

The gap between demand and supply curve below the equilibrium price indicates

2004

The distribution ofgoods is said to be completed when it reaches the

2004

One of the problems associated with the middlemen in the distribution of goods is that he

2004

A major effect of ageing population is

2004

Natural growth rate is

2004

one main benefit of partnership is

2004

The market structure in which the operation are many and none of them can influence the price is

2004

For both the monopolist and the perfectly competitive firm , profit maximizing output occurs at the point where the

2004

When a change in price does not affect the quantity demanded of a commodity , the price elasticity of demand is

2004

Demand for inferior goods is an example of

2004

The market consisting of a network of dealers where currencies can be bought and sold is known as

2004

Government can control inflation by

2004

Which of the following will be an effect of inflation?

2004

The value of money is best determined by

2004

Joint ventures are partnerships involving

2004

When the general price level persistently falls, the rate of unemployment

2004

The number of people who are qualified to work and who offer themselves for employment are called

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